EURUSD Daily Forecast Mar 17 2015

Outlook in EURUSD remains on the downside as long as 1.0692 resistance holds on a daily closing basis , support comes at the 1.0497 levels , a halt is likely , but a cut – sustained breakout – below the 1.0497 levels  would open 1.0327 next , further down will target the 1.0200 levels.

On the upside , resistance comes at the 1.0692 levels  , sustained breakout – daily closing above the 1.0692 levels will suggest short term bottoming and open 1.0837 levels before the next fall..however ; keep in mind that any rise above the 1.0692 levels should be limited by / below the 1.1182 levels where fall resumption is likely !!!!

In all ,as long as 1.0692  resistance holds on a daily closing basis , outlook in EURUSD remains on the downside towards the 1.0497 levels ahead of the 1.0327 levels , above the 1.0692 levels will turn outlook neutral and bring limited gains below the 1.0837 levels before the next possible fall….

 

EURUSD Daily Forecast Mar 17 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS